1、 Raw material report:

1. Nickel: on September 13, the three-month closing price of London nickel was 24281 US dollars, down 173 US dollars, down 1.27%. The latest price of Shanghai nickel was 190100 yuan, down 1970 yuan, down 1.03%. Shanghai high carbon ferrochromium fecr55c1000 (50 basis) 8000 yuan / 50 basis tons. 183000 yuan / ton of Luoyang ferromolybdenum femo60.

2. Stainless steel continued: the latest price was 17120 yuan, down 250 yuan or 1.44%. 71255 positions and 77764 turnover.

3. Price of Dainan waste stainless steel

201 Old pipe 5350-5450304 Industrial 11500-11700304 New material 11800-12000304 Shavings 10700-10800;

316 shavings 16900-17100316 18000-18200310 clinker 29800-30000;

430 no film 4450-4650431 recycled material 3850-4050

2、 Reference price of Wuxi stainless steel plate coil

1. Hot rolling guide price of TISCO:

300 hot rolling series: 304/NO 18800 yuan/ton for 1; 22800 yuan / ton of 321 / No.1; 27800 yuan/ton for 316L/NO.1.

Medium plate (trimming, thickness: 14-20mm, width: 1500mm) 304 material - 20200 yuan / ton, 321 material 26400 yuan / ton, 316L material 30100 yuan / ton.

2. The guide price of Dongte hot rolling: 16800 yuan/ton for materials of 304 4-12mm, 17000 yuan/ton for materials of 14mm; 17500 yuan/ton for 16mm; 316L material: 26300 yuan / ton for 4-12mm and 26700 yuan / ton for 14mm; 16mm 27300 yuan / ton;

3. Jiuquan Iron and Steel 2205 hot rolling is 27800 yuan/ton, Dongte 2205 hot rolling is 26100 yuan/ton.

4. Qingshan hot rolling: RMB 16900/ton for 304 material;

5. Zhangpu guide price: 17600 yuan/ton for 304 material, 19900 yuan/ton for 321 hot rolling; 316L hot rolling 26300 yuan/ton.

3、 Reference price of stainless steel pipe rod

1. [Qingshan round steel September futures price ￠ 65-130] price: s30400 material: 16600 yuan / ton,; 316L material 25700 yuan / ton, TP321 material 19100 yuan / ton, 321 material 17900 yuan / ton, s22053 material (ITU) 24800 yuan / ton, 310S material (ITU) 40800 yuan / ton. 304 round steel price of raw pipe+800316L round steel price of raw pipe+900321 round steel price of raw pipe+850.

2. [Delong round steel ￠ 65-130] price: 15700 yuan / ton for s30400 material, 24500 yuan / ton for 316L material.

3. [Yongxing rod ￠ 65-130] 304 material 18800 yuan/ton, TP321 material 21500 yuan/ton, 316L material 29000 yuan/ton, 316GB material 32800 yuan/ton, S22053 material 29000 yuan/ton.

4. [Huaxin Lihua ￠ 65-130] s30400 material is 19000 yuan / ton, 316ls material is 28000 yuan / ton, and 32107 material is 21200 yuan / ton.

5. [Guoqing round steel ￠ 65-130] S22053 material is 24400 yuan/ton, S31008 material is 39300 yuan/ton.

6. [Zhejiang Benji pipe reference price]

Stainless steel seamless pipe 30408 material, specification 25 * 2 * 6000 cold drawn pipe pickling weighing delivery - 28.9 yuan / kg;

Stainless steel seamless tube S31603, specification 25 * 2 * 6000, cold drawn tube, pickled, weighed and delivered -- 40.3 yuan/kg;

Stainless steel seamless pipe s32168 material, specification 25 * 2 * 6000 cold drawn pipe pickling weighing delivery - 32.5 yuan / kg;

Stainless steel welded pipe 30408 material, specification 219-813 * 4-6, acid pickling, weighing and delivery - 23.2 yuan/kg;

Stainless steel welded pipe s31603 material, specification 219-813 * 4-6, pickling and weighing delivery - 34.7 yuan / kg;

Stainless steel welded pipe 32168 material, specification 219-813 * 4-6, acid pickling, weighing delivery -- 29.4 yuan/kg.



4、 Statistics

According to Mysteels research statistics:

On September 8, 2022, the social inventory of stainless steel in the national mainstream market was 738565 tons, a significant decrease of 80007 tons over last week, a decrease of 9.77%, including:

The total inventory of cold rolled stainless steel was 337512 tons, a decrease of 35350 tons or 9.48% compared with last week;

The total inventory of hot-rolled stainless steel was 401053 tons, a decrease of 44657 tons or 10.02% over last week;

The total inventory of 200 series was 107428 tons, a decrease of 8561 tons or 7.38% over last week;

The total inventory of 300 series was 369792 tons, a decrease of 44968 tons or 10.84% over last week;

The total inventory of 400 series was 261345 tons, a decrease of 26478 tons or 9.20% over last week.

Wuxis inventory was 394086 tons, down 53022 tons or 11.86% from last week.

Foshans inventory was 127271 tons, a decrease of 9584 tons or 7.00% compared with last week.

The inventory of Zibo, Jieyang, Shenyang and Xian was 217208 tons, a decrease of 17401 tons or 7.42% over last week.



5、 Market analysis

US inflation in August was stronger than expected, which may enable the Federal Reserve to maintain the momentum of raising interest rates by 75 basis points for the third consecutive time. The acceleration of inflation shows that the cost of living for Americans remains high. On the 13th, Biden said that it will take more time to resolve to reduce inflation. Traders have increased their bets that the Federal Reserve will raise interest rates by 75 basis points, and now they think that this fixed price seems to be a foregone conclusion. First, the US stock futures index fell across the board, and the panic index soared. European stock markets also followed suit. The US bond market also fell across the board, and US treasury bond yields soared. The foreign exchange market was also confused. The US dollar index, which had just started to adjust, soared again. Non US currencies fell across the board. The RMB fell nearly 500 points, and the yen approached 145. Spot gold fell below the 1700 dollar / ounce level, falling nearly 1.5% in the day. Metals and precious metals all fell.

The production of stainless steel is not affected by the epidemic, but the consumption is greatly affected, mainly because the logistics is blocked and the upstream price rises sharply, resulting in the stagnation of downstream transactions. In addition, the real estate industry has been in a downward cycle, which affects the expectation of stainless steel demand. In short, the result is that stainless steel prices have been weak, and negative profits have led to production reduction. At present, the profit margin is weak and the demand may recover in the peak season, so the output may recover.